Overview
What is Queens College Foundation Inc?
Queens College Foundation Inc, established in 1980, is a nonprofit organization situated in Flushing, New York, specifically at 65-30 Kissenna Boulevard, 11367. The Foundation's primary mission is to generate and manage private donations for Queens College of the City University of New York, enhancing its educational opportunities and faculty services. The Foundation administers various funds, the proceeds of which support college activities and services not fully covered by state and city taxes. Additionally, the Foundation manages restricted and endowed gift accounts and allocates income according to donor prescriptions.
Official website here: www.qc.cuny.edu/supportqc
What are the reviews and ratings of this charity?
97% rating from Charity Navigator. This Four-Star out of Four Star rating reflects the organization's strong accountability and finance practices, with all metrics indicating excellent governance and fiscal responsibility.
Queens College Foundation Inc showcases a robust financial structure, with a Program Expense Ratio of 72.39% and a fundraising efficiency ratio of just $0.09. These figures suggest effective use of funds directly towards the foundation's mission, which is largely supported by an independent board dedicated to transparency and ethical management.
User reviews highlight a personal connection to the foundation, with donors expressing gratitude for the opportunities provided by Queens College. One reviewer emphasized the transformative impact of the institution on their life, indicating that contributions are viewed as investments in future generations of students. Overall, while the foundation is well-regarded for its financial integrity, ongoing community engagement appears to be an important area for continued emphasis.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Queens College Foundation Inc legitimate?
Queens College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Queens College Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,736,277
For more financial information, click here
Official website here: www.qc.cuny.edu/supportqc
What is the mission statement of Queens College Foundation Inc?
The Queens College Foundation Inc plays a crucial role in supporting Queens College of the City University of New York. Its primary objective is to manage and administer contributions made by private donors to the college. The foundation's mission intertwines with the college's pursuit of academic excellence by utilizing donor funds for services and activities that are not fully covered by state and city tax levies. These funds are allocated towards educational needs such as scholarships, special academic programs, and other activities. The foundation also manages restricted and endowed gift accounts, and allocates income as prescribed by the respective donors.
Official website here: www.qc.cuny.edu/supportqc
Who is the CEO of Queens College Foundation Inc?
Laurie F Dorf is the Chair of Queens College Foundation Inc.
Official website here: www.qc.cuny.edu/supportqc
What is the revenue of Queens College Foundation Inc?
Queens College Foundation Inc's revenue in 2022 was $18,045,917.
Official website here: www.qc.cuny.edu/supportqc
Who are the executives of Queens College Foundation Inc and what are their salaries?
There 41 volunteers at Queens College Foundation Inc.
Here are 37 key members and their salaries:
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Official website here: www.qc.cuny.edu/supportqc
Where can I find the form 990 for Queens College Foundation Inc?
Queens College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.qc.cuny.edu/supportqc
Learn more at the official website: www.qc.cuny.edu/supportqc
Mission Statement of Queens College Foundation Inc
Queens College Foundation Inc is a crucial organization dedicated to raising and managing contributions from private donors for Queens College of the City University of New York (Queens College). In alignment with its mission to uphold and enhance the academic excellence of the college, the Foundation administers funds, the proceeds of which support the college's essential services and activities not fully funded by state and city tax levies. These funds are allocated towards scholarships, special academic programs, and various activities. The Foundation is also entrusted with managing restricted and endowed gift accounts and distributing the prescribed income as determined by the respective donors.
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Impact
October, 2024
Queens College Foundation Inc significantly enhances educational opportunities and resources for students and faculty at Queens College. Established in 1980, its primary focus is to solicit, manage, and administer contributions from private donors aimed at strengthening the college's academic framework.
Through generous donations, the foundation plays a vital role in financing research initiatives that align with the college’s educational objectives. It awards scholarships and fellowships, thereby alleviating financial barriers for students and fostering academic excellence. Additionally, the foundation is instrumental in supporting special academic programs and experimental educational activities that enrich the learning environment.
By managing restricted and endowed gift accounts, the foundation ensures that funds are allocated as specified by donors, directly impacting the college's services and activities that may not receive full funding from state and city resources. This strategic financial support not only sustains existing educational needs but also paves the way for innovative projects that further elevate the academic experience at Queens College.
This information is meant to be a general summary of Queens College Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,408,002
- Gross Receipts: $39,520,557
Assets and Liabilities:
- Total Assets: $97,271,306
- Total Liabilities: $1,631,600
- Net Assets: $95,639,706
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Organization Details
Founding Year
1980
Phone
(718) 997-5408Principal Officer
Laurie F Dorf
Main Address
65-30 KISSENA BOULEVARD, FLUSHING, NY, 11367
Website
www.qc.cuny.edu/supportqcNTEE Category
Code: B80 - Education
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